Manteno, IL Cost of Living

Manteno cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Manteno, IL cost of living index. The overall cost of living index in Manteno, IL is 100, which is 2% higher than the Illinois average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Manteno, IL are 1% higher than the Illinois average and 2% lower than the national average.

Did you know?

The cost of living in Manteno is 2% higher than the Illinois average.

The cost of living in Manteno is equal to the national average.

The cost of housing in Manteno is 6% higher than the national average.

Illinois general sales tax is 23% higher than the national average.

Illinois state income tax is 69% higher than the national average.

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Compare Manteno, IL Cost of living To Other Cities

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Manteno, IL to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Manteno, IL, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Manteno, IL salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$75,773

$6,314

$1,768

$2,273

Renters

$41,863

$3,489

$977

$1,256

One can approximate the cost of living and the housing affordability in Manteno, IL by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Manteno, IL have a median income of $75,773. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,768 per month to avoid calamity and poverty. The renters in the city have an income of about $41,863, which would make their monthly maximum allowable rental costs $977.

Illinois Sales Tax

State

General Sales Tax

With Max Surtax

Illinois

6.25%

9.75%

Illinois Income Tax

State

Income Tax (Low)

Income Tax (High)

Illinois

3.75%

3.75%

When considering the overall cost of living expenses in Manteno, IL, it's important to take into account the sales tax for Illinois, as well as the rate for income tax in Illinois. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Illinois is 9.75%, and the sales tax in the state of Illinois is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Illinois starts from 3.75% and goes up to 3.75%.

Goods & Services

Item

Manteno

National avg.

Difference

Haircut

$15.19

$15.56

2.4%

Beauty Salon

$31.59

$36.11

12.5%

Toothpaste

$2.03

$2.47

17.9%

Shampoo

$0.84

$0.96

13.0%

Movie

$7.66

$10.13

24.4%

Bowling

$5.05

$4.74

6.6%

Groceries

Item

Manteno

National avg.

Difference

Ground Beef

$5.42

$3.98

35.9%

Fried Chicken

$1.52

$1.41

8.2%

Milk

$1.87

$2.06

9.2%

Potatoes

$3.81

$2.98

27.7%

Pizza

$8.94

$9.47

5.6%

Beer

$8.16

$8.79

7.2%

Health Care

Item

Manteno

National avg.

Difference

Optometrist

$93.41

$101.04

7.6%

Doctor

$119.33

$107.44

11.1%

Dentist

$90.11

$90.42

0.3%

Ibuprofen

$8.48

$9.28

8.7%

Lipitor

$428.77

$426.50

0.5%

Housing

Item

Manteno

National avg.

Difference

Home Price

$192,600.00

$175,700.00

9.6%

Avg. Mortgage Payment

$891.46

$1,133.23

21.3%

Apartment Rent

$884.00

$920.00

3.9%

Transportation

Item

Manteno

National avg.

Difference

Gasoline

$2.02

$1.99

1.5%

Tire Balancing

$55.77

$45.76

21.9%

Utilities

Item

Manteno

National avg.

Difference

All Electricity

$157.05

$163.81

4.1%

Phone

$20.95

$28.39

26.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.